subject: Industry News: Synopsys Acquisition Of Magma To Reach A Final Agreement [print this page] Industry News: Synopsys acquisition of Magma to reach a final agreement
Supplier of chip design solutions, Magma (Magma (r)) Design Automation Co., Ltd. (Nasdaq: LAVA) today announced that Synopsys Co., Ltd. (Synopsys Inc., Nasdaq: SNPS) Synopsys acquired Magma to reach a final agreement. Synopsys is headquartered in Mountain View, California (Mountain View) is a global leader in the design, validate and manufacture of electronic components and systems used in the field of software and IP. The two company's technical and development capabilities, the perfect support team and sales channels LED Power Supplies together, for the chip designers to provide better access to the most advanced electronic design automation (EDA) solutions, more profitable chips.
Under the terms of the merger agreement, Synopsys will be $ 7.35 per share cash acquisition of Magma, excluding Magma's cash and debt, then the transaction price is about $ 507 million. The board of directors of both companies have unanimously passed the deal. M & A transactions is subject to customary conditions, including obtaining the consent of the shareholders of Magma and the United States regulatory approval.
Magma and Synopsys has always had a common goal, is to allow chip designers to shorten the complex IC design cycle and reduce the complexity of IC design costs while improving its performance, area and power, "Magma Chief Executive Officer (CEO ) and Rajeev Madhavan, said. "Through joint collaboration with Synopsys, we can now ensure that the chip designers have access to advanced technology required, successful 28 nm, 20 nm and 20 nm chip design."
And photoelectric transformation by EMC Rainbow Department Store LED lighting
Rainbow Department Store Co., Ltd. recently announced that its November 30 and signed a strategic cooperation agreement on energy saving lamps procurement. Board of Directors examined and approved with (Beijing) Technology Co., Ltd. (hereinafter referred to as the "Company") (motion lighting, energy co-operation with and subsidiary).
Accordance with the contract energy management service model, and in some shopping malls the basis of lighting will be Rainbow LED lamps to replace. And is responsible for the lighting equipment supply, equipment installation, operation and maintenance, personnel training, saving energy confirmed to ensure that energy-saving benefits of the Rainbow.
Currently, Rainbow Department Store Board of Directors agreed to the company (including subsidiaries) and (Beijing) Technology Co., Ltd. (including subsidiaries) to cooperate in accordance with the contract energy management service model for the basis of the company in some shopping malls lighting LED lamps replaced.
The announcement shows that, under the premise of ensuring the effect of the operating environment, to reduce energy consumption, sharing energy efficiency, and is responsible for lighting equipment supply, equipment installation, operation and maintenance, personnel training, confirm energy savings, ensure that the company saving benefits. Project is completed and put into use, both parties share the energy efficiency, divided into consultations on the proportion of the power of the section, the average sharing ratio of corporate saving benefits of not less than 25% of all fixtures and equipment owned by the company to enjoy the end of the contract period. The cooperation period of eight years, the company plans eight years, the total amount of such related party transactions is not more than 37.27 million.
